Jan 29, 02:31 PM

Indian Markets Rebound as AI Push Accelerates with 18,693 GPUs; PB Fintech's Q3 Profit Jumps 92% to Rs 72 Crore

Indian markets have shown a rebound as the country accelerates its ambitions in artificial intelligence (AI), with local players like DeepSeek entering the competitive landscape. The latest reports indicate that India has joined the global race for large language models (LLMs) with an impressive deployment of 18,693 GPUs. In the financial sector, PB Fintech has reported a substantial net profit increase of 92%, reaching Rs 72 crore for the third quarter, alongside a revenue growth of 48%. Additionally, the Securities and Exchange Board of India (SEBI) has taken decisive action against finfluencers, marking a significant regulatory development. Meanwhile, major tech companies like Meta are investing heavily in AI, despite concerns regarding competition from emerging local entities like DeepSeek.

#DeepSeek #India #PB Fintech #SEBI #Meta

Written with ChatGPT (GPT-4o mini).